The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder — GVK group. GVK will also have an opportunity to revise its offer if it so wishes.
Tag: GVK Group
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Navi Mumbai airport project to be further delayed
The Navi Mumbai airport bidding process is likely to be delayed further with the entry of a fourth player, a consortium of Voluptas Developers (Hiranandani Group) and Zurich Airport, into the fray. A deadline of September 1 was set for submission of request for proposal (RFP) documents for the three bidders in the fray earlier.
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Delay in Chennai, Kolkata airports modernisation
The government has extended for the second straight time the last date for submission of requests from private parties for operation, management and development
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Private players should infuse Rs.50,000 cr
At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.
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GVK, GMR keen on airport projects
Eight companies, including GMR Airports, GVK Group and Adani Ports and Special Economic Zone (APSEZ), have evinced interest in the government project to modernize the airports in Kolkata, Chennai, Ahmedabad and Jaipur.
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Hyderabad, Delhi, Mumbai airports rated high by ACI
India's Delhi and Hyderabad airports managed by GMR Group and Mumbai airport by GVK Group have been rated high in respective categories in Airport Quality Service (ASQ) by Airports Council International (ACI) for 2012. The Indira Gandhi International airport at Delhi and Rajiv Gandhi International Airport at Hyderabad, both managed by GMR Infrastructure have secured second positions in respective categories.
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GVK's rail project
GVK Group has tied up 75 per cent of land for the rail corridor of the $10-billion Alpha Coal Project in Australia and it expects to buy the balance 25 per cent land in the next one or two months.